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Hi Robert, No it will not only .327 Fed Magnum/.32 H&R Mag

The .32 acp is the same diameter as a 32 S&W, 32 Long and .32 mag. The thing that is lacking is as large a rim so the extractor doesn't work as well with the ACPs. It is discouraged in .32 Long guns because the ACP is higher pressure than 32 S&W or 32 long. In the magnum however, it is a viable option. I've done it in an SP101. I've heard in the single action it doesn't matter at all because they have the ejector rod. Just expect having some extraction problems in your S&W. Bring a pencil! In a last ditch effort this is viable, but if you can find the correct ammo, that would be preferred. The best way to get .32 mag ammo is to reload! Few places carry it regularly in my area. Even with today's prices you can load 50 rounds of .32 mag for under $12. I would say about $2 for primers, $7 for bullets and $2 or less for powder. Starline sells brass directly to the public and you can find better deals on bullets if you look for bulk magtech. You can also use .32 acp dies to load the .32 mag

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Can you do it? Can you get away with it? Sure, to both. Most decent firearms are made to have a bit of a safety buffer, but in the end, you are asking it to do something it was not designed to handle.

No Robert. 32ACP is a "Rimless" Cartridge and it will not work through this firearm. Even revolvers would need a 32ACP Cylinder to work.